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XRP Price Prediction & Analysis: Could it Skyrocket to Hit $70?
As the cryptocurrency market continues to experience volatility, Ripple’s native token XRP has been a subject of interest in recent times. Despite its underperformance compared to other major cryptocurrencies since President Trump’s inauguration on January 20, XRP is now seeing a resurgence.
The asset has recently surged by an impressive 30% amid $160 million in net outflows from crypto exchanges. This sudden price spike seems to be fueled by the concentration of ownership in retail hands, which may lead to increased volatility.
However, some analysts believe that this rally could continue, potentially pushing XRP’s price to reach new heights. A TradingView analyst has predicted that XRP could skyrocket to $71, mirroring Bitcoin’s historical price action.
This prediction is based on the asset’s market capitalization and the rise of retail ownership, which may create a stronger support mechanism for XRP in the short term.
Source: https://coincentral.com/xrp-price-prediction-analysis-could-it-skyrocket-to-hit-70/
